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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $300K Investment Properties for Sale in Detroit, MI
Listed for sale 3 days ago
$ 149,999
ROI
27.8
Cash Flow/m
334- 4 Bed
- 2 Bath
- 1248 sft
6539 Greenview Ave, Detroit, MI, 48228
Listed for sale 3 days ago
$ 154,900
ROI
24.0Cash Flow/m
185- 3 Bed
- 3 Bath
- 1267 sft
5357 Pacific Ave, Detroit, MI, 48204
Listed for sale 4 days ago
$ 209,000
ROI
21.9Cash Flow/m
123- 5 Bed
- 3 Bath
- 2600 sft
12668 Stoepel St, Detroit, MI, 48221
Listed for sale 4 days ago
$ 120,000
ROI
24.9Cash Flow/m
171- 3 Bed
- 1 Bath
- 1108 sft
16206 Littlefield St, Detroit, MI, 48235
Why Invest in Detroit, Michigan?
Detroit properties under $300k offer strong entry points for investors seeking high cash flow opportunities. The city's revitalization drives solid rental demand with average rents around $1,200 monthly. Cap rates hover at 8-10% while appreciation reaches 5% annually in key neighborhoods. Renter occupancy exceeds 70%, supported by job growth in automotive and tech sectors. Low acquisition costs enable quick scaling of portfolios with reliable ROI.
12%
Avg. ROI
9.5%
Rental Yield
9.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5.1%
1Y Appreciation
Frequently Asked Questions
Low entry prices combined with high rental yields around 9% create strong cash flow. Revitalization efforts boost appreciation at 5% yearly. Renter demand remains robust due to job growth in key sectors.
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